DR Congo Economic Outlook
January 23, 2018The most recent Central Bank estimate for economic growth in 2017 was revised upwards in early January. GDP was estimated to have jumped 3.5% in 2017, higher than the previous estimate of 3.2% and above 2016’s multi-year low of 2.4%. The economic acceleration observed in 2017 largely reflects the upswing in commodity prices, particularly prices for cobalt and copper, since the second half of the year. The Bank, however, pressed the government to provide further impetus to economic activity and entrench the economy in a steadier growth path. This would open the door for the Bank to pursue a less contractionary monetary policy and rekindle investment and credit growth.
DR Congo Economic GrowthThe Congolese economy is expected to grow at a faster pace in 2018 and 2019 on the back of a favorable outlook for commodity prices. The outlook, however, remains closely linked to political developments at home. FocusEconomics panelists forecast growth of 3.2% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, growth is seen reaching 3.6%.
DR Congo Economy Data
|GDP per capita (USD)||392||424||453||464||446|
|GDP (USD bn)||29.3||32.7||35.9||37.9||37.6|
|Economic Growth (GDP, annual variation in %)||8.0||8.5||9.5||6.9||2.4|
|Fiscal Balance (% of GDP)||1.8||4.0||1.3||-0.1||-0.8|
|Public Debt (% of GDP)||23.2||19.1||16.8||18.8||21.5|
|Inflation Rate (CPI, annual variation in %)||9.3||1.2||1.3||1.3||5.9|
|Exchange Rate (vs USD)||929.0||930.3||911.0||917.0||1,165|
|Policy Interest Rate (%)||4.00||2.00||2.00||2.00||7.00|
|Exchange Rate (vs USD, aop)||924.7||922.1||922.2||918.3||963.5|
|Current Account (% of GDP)||-4.3||-9.5||-8.5||-4.1||-|
|Current Account Balance (USD bn)||-1.3||-3.1||-3.0||-1.6||-|
|Trade Balance (USD billion)||0.1||0.8||-0.4||-0.3||-|
|Exports (USD billion)||8.7||11.6||12.3||10.3||-|
|Imports (USD billion)||8.7||10.8||12.7||10.6||-|
|Exports (annual variation in %)||-7.7||32.8||6.1||-16.5||-|
|Imports (annual variation in %)||-2.7||24.6||17.6||-16.8||-|
|International Reserves (USD)||1.6||1.7||1.6||1.2||-|
|External Debt (% of GDP)||19.2||18.9||15.4||14.3||-|
5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,614||-0.78 %||Feb 19|
|Stock Market||0.2||0.0 %||Feb 19|
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